The Minimum Wage Hasn’t Kept up With the Value of the Dollar

Philip Bump: “When a minimum wage increase is improved, minimum wages rarely keep up with the devaluation of the dollar.”

“We decided to visualize that. Using conversion metrics created by Oregon State University and data on the minimum wage from the Department of Labor, here’s how the federal minimum wage has evolved over time, in nominal dollars (what the wage was set to that year) and in 2014 dollars.”

Related Posts

The Republicans & Democrats, have both Failed, the More Than 2.6 Million Unemployed Families, still Without an Extension Of Unemployment Benefits, since Late Last December. For the past Five And A Half Months, these families have had to face Evictions, Home foreclosures, Bankruptcy, and Homelessness, while these two political parties played “Party Politics” in the senate, Delaying and Postponing the vote. The Republicans in particular, have held the Extension Bill “Hostage” in the senate, never truly planning on passing the bill. When Billions of Tax Payer Dollars have been Approved for the Ukraine, and More spent on Military aid for Europe, the poor & Unemployed in this country are left alone to struggle and suffer economically. We have Representatives that are No Longer Representing the interests of the average American, but are answering to Corporate America and Special Interest Groups instead. These career politicians need be voted out of office in the coming election.